The vendor says that combining its tech with ING’s standing risk engine will enable the bank to detect new instances of SME lending fraud hidden within massive amounts of transactional and organisational data – in real-time and with industry-low false positives.

Beate Zwijnenberg, ING’s director, fraud & cybersecurity, says that the team was impressed during a recent proof of concept with ThetaRay’s ability to quickly identify a number of transactional anomalies. “The ability to detect fraudulent activity with this level of precision and accuracy is truly innovative,” she comments.

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